Cboe Global Markets, Inc. (Cboe: CBOE), the derivatives and securities exchange network, has recently announced plans to launch futures and options on the new Cboe Magnificent 10 Index on Dec 8, 2025, subject to regulatory review. The Cboe Magnificent 10 Index, which had reportedly launched on Oct 14, 2025, under the ticker MGTN, is intended to measure the “price return of 10 U.S.-listed large-cap stocks of technology and growth-oriented companies.”
As noted in the update from Cboe, the index is equal-weighted and includes a fixed set of constituents, “subject to change only following specific corporate actions.”
The Cboe update also mentioned that current and back-tested values of the MGTN Index are available “on the Cboe Global Indices Feed via the Cboe Global Indices Channel.”
With MGTN futures and options, investors will be able to trade and seek to manage risk related to “some of the actively watched U.S. stocks through a single tradable product without having to manage multiple positions across individual stocks.”
Both MGTN futures and options will be cash-settled, thus “eliminating the operational complexity of physical delivery and assignment risk associated with ETF or single-stock options.”
Rob Hocking, Global Head of Derivatives at Cboe said that investors globally are looking for new ways “to access and trade the most innovative U.S. companies.” The upcoming launch of “Cboe Magnificent 10 Index futures and options will deliver that opportunity.”
Hocking added that these products are designed to provide exposure and flexibility—whether for “tactical positioning, hedging ahead of earnings, or managing market-moving news in tech and growth sectors.”
They also mentioned that this launch reinforces Cboe’s commitment to identifying trends and introducing “tradable solutions that meet the needs of both retail and institutional investors.”
Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers, said that they are pleased that Cboe continues “to enhance its product line-up to meet increasing investor interest in thematic investing.”
Sanders added that Cboe Magnificent 10 Index products will “offer active traders and institutional investors the flexibility to manage exposure to some of the most popular names in tech in a transparent and regulated market.”
Abhishek Fatehpuria, VP of Product Management at Robinhood, said that Robinhood customers are increasingly looking for new ways to engage with the market’s most influential stocks.
They also noted that retail investors are techno-optimists who “embrace the companies shaping the future.”
It’s encouraging to see exchanges like Cboe develop products “like MGTN Index options, giving investors diversified exposure to tech and growth names while helping them manage risk more effectively.”
MGTN options will be listed on Cboe Options Exchange (C1). C1 will initially list two “settlement types: AM-settled contracts (options ticker: MGTN) that settle on the third Friday of the expiration month, and PM-settled contracts (options ticker: MGTNW) that settle on the last business day of the expiration month.”
MGTN options will have a multiplier “of $100, meaning when the MGTN Index was at 460 on Oct 31, one contract would have represented appr. $46,000 in notional value.”
MGTN futures will trade on Cboe Futures Exchange, LLC (CFE) and will have a.m. settlement “on the third Friday of the expiration month.”
To help address the demand from investors for U.S. market access, MGTN futures will be available to trade “nearly 24 hours a day, five days a week at launch, with Cboe planning to offer Global Trading Hours for MGTN options in early 2026, subject to regulatory approval.”
MGTN futures and options will now reportedly be “cleared by The Options Clearing Corporation (OCC).”